Published on: July 15, 2019

Further push into online video – 24i deal

Amino has announced the acquisition of 24i Media, a provider of TV and OTT Apps, user experience and user interface (“UX/UI”) solutions and services.  The group is paying total consideration of €21.4m in cash and shares for 87% of the issued share capital, although the subsequent injection of €5m and the AminoTV business into this subsidiary raises Amino’s stake to 92%.  This price equates to an EV/Sales of c.4x on an historical basis.  The 24i deal will provide Amino with a significantly enhanced geographic footprint and a material extension to AminoTV’s activities.  The transaction will also allow Amino to accelerate its strategy of moving towards higher margin, software-led, recurring revenues in a rapidly-changing market.